Red Cliffs is a moderately sized suburb in Victoria within the Mildura local government area (postcode 3496). With a population of 5,294, the suburb has an established family demographic with a median age of 41. Households earn a median income of $67K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, technicians & trades, managers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Scottish.
Red Cliffs has a median house price of $280,000, which has fallen sharply by 29.6% year-on-year. The current median weekly rent is $465. This gives a gross rental yield of approximately 8.6%. The median monthly mortgage repayment is $1,083.
Red Cliffs is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 948, which is below the national average of 1,000. Public transport access includes 1 rail station, 19 bus stops. The crime rate in the Mildura LGA is higher than average at 14,116 incidents per 100,000 population.
On the investment side, Red Cliffs shows a gross rental yield of approximately 8.6%, rated as high yield. Property prices sit below the state median ($280K/$875K), which can point to relative value. The price-to-income ratio of 4.2x is considered affordable. House prices have moved -29.6% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.